Any project you can't bring yourself to cut losses on is basically hopeless.
Have you ever had this experience: a project drops 60%, and you can't bear to cut it; it drops 80%, and you think it's about to hit the bottom; it drops to zero, yet you're still holding onto hope.
In fact, those cryptocurrencies that you "can't bear to cut" mostly have no value to begin with; it's just that you are unwilling to face your mistakes.
It's not that the cryptocurrency has a future, but rather that you can't admit:
— You bought it blindly;
— You didn't really understand the project's fundamentals;
— You just listened to a KOL or a friend's comment and jumped in heavily.
This kind of "stubbornly holding on" is not faith but an escape from reality driven by emotions.
True faith is based on clear logic and thorough research, and it involves being willing to endure volatility.
If you can't clearly articulate why you bought it, how long you're willing to hold it, and what your target is, then it's just a "burden" in your portfolio.
Learning to cut losses is a necessary path for growth in trading.
Simply stubbornly holding on is not maturity, but rather obstinacy.
